Akme Fintrade Announces Q1 Results and Completes Major Equity Share Allotment via Warrant Conversion
Akme Fintrade (India) Limited reported its unaudited standalone financial results for the quarter ended June 30, 2026. The company also finalized a significant capital infusion through the conversion of warrants, while announcing the appointment of Mr. Dipesh Jain as Chief Operating Officer.The Board of Directors of Akme Fintrade approved the Q1 financial results following a meeting held on July 29, 2026. A Limited Review Report was issued by the Statutory Auditor for these results.
Capital Structure and Share Allotment
The company completed the allotment of equity shares amounting to Rs. 6,82,65,000 after warrant holders exercised their options. The allocation covered 82,00,000 Equity Shares, all at an issue price of Rs. 11.10 each, including a premium of Rs. 10.10 per share.The conversion details are as follows:
| Allottee Name | Warrants Allotted | Equity Shares Allotted | Amount Received (75% of issue price) |
|---|---|---|---|
| Nirmal Kumar Jain | 7,20,000 | 72,00,000 | 5,99,40,000 |
| Anita Arun Jain | 1,00,000 | 10,00,000 | 83,25,000 |
| Total | 8,20,000 | 82,00,000 | 6,82,65,000 |
This allotment followed the original issuance of warrants on February 07, 2025, and is recorded under preferential allotment.
Financial Highlights (Quarter ended June 30, 2026)
The financial performance for the quarter saw Total Income stand at Rs. 4,777.07 (in Lakh). Expenses totaled Rs. 2,762.45, resulting in a Profit Before Tax of Rs. 1,414.62 and a Net Profit for the period of Rs. 357.41. The Total Comprehensive Income reached Rs. 1,757.47.Key financial metrics comparing the current quarter to previous periods are presented below:
| Particulars | Quarter Ended 30.6.2026 (Unaudited) | Quarter Ended 31.03.2025 (Audited) | Quarter Ended 30.05.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue From Operations | 4,1,47.01 | 40s3.69 | 3,061.08 | 14,257.25 |
| Other Operating Income | 70.06 | 99.92 | 26_12 | 346.10 |
| Total Income | 4,777.O7 | 4259.60 | 3,792.76 | 14,910.43 |
| Finance Cost | 1,749.69 | 1,603.55 | 1,1.33.37 | 5,638.53 |
| Impairment of Financial Instruments | 84.88 | 136.21 | 185.54 | 552.18 |
| Employee Benefits expenses | 458.44 | 414.O1 | 330.54 | 1,610.77 |
| Depreciation and Amortization expenses | 26.34 | 21.36 | 77.24 | 104.31 |
| Other Expenses | 443.10 | 649.50 | 314. t4 | 1,605.90 |
| Total Expenses | 2,762.45 | 2"890.75 | \gaL4'1 | 9,511.69 |
| Profit Before Tax | 1,414.62 | r"368.85 | 1,210.@ | s39a.74 |
Operational and Management Updates
The Board meeting also confirmed the company's transition from Non-Banking Financial Company - Base Layer (NBFC-BL) to Non-Banking Financial Company - Middle Layer (NBFC-ML) under the Reserve Bank of India's Scale Based Regulation framework.In a separate management development, Mr. Dipesh Jain was appointed as Chief Operating Officer (COO) of Akme Fintrade. He brings over eight years of experience in the financial services industry and focuses on relationship building with clients and stakeholders.
Securities and Compliance
The company is fully secured by way of hypothecation over book debts/receivables and/or mortgage of immovable properties, fulfilling the required security cover for its listed non-convertible debt securities. All covenants related to the debentures were confirmed as complied with as of June 30, 2026, including the Gross Non-Performing Loans Ratio not exceeding 4% and the Net Non-Performing Loans Ratio not exceeding 3%.The company also provided comprehensive details regarding its Co-Lending Arrangement (CLA) portfolio as of June 30, 2026:
| Metric | Value |
|---|---|
| Number of Co-Lending Arrangements | 4 |
| Amount of Gross outstanding | 21.27 crore |
| Weighted average rate of interest | 19.05% |
| Sector of Co-Lending Arrangement | Let & Vehicle |
For the quarter ended June 30, 2026, Akme Fintrade has reported no transfer of non-performing assets (NPAs) loans or acquisition of loans in default related to NBFC activities.
AFIL Stock Price Movement
Today, Akme Fintrade (India) Limited shares closed higher in the post-market session, rallying by 0.65% or ₹0.06 to settle at ₹9.38. The equity saw a trading volume of 294,638 shares today following its strong close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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